JNJ stock buyback

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Johnson & Johnson (NYSE: JNJ) Stock Buyback Tops $10 Billion

JNJ

Drugmaker Johnson & Johnson (NYSE: JNJ) announced a $10 billion stock buyback program today (Tuesday) amid a mixed Q3 earnings report.

The $10 billion JNJ stock buyback represents about 3.7% of the company's outstanding shares. Johnson & Johnson said on Tuesday it had 2.77 billion shares outstanding as of Sept. 27.

Here's what investors need to know about the deal...